Today’s Rating: Sky Plc (LON:SKY) Investors: Citigroup Reaffirms “Buy” Rating

November 30, 2016 - By Michael Collier

Sky Plc (LON:SKY) Rating

Sky Plc (LON:SKY) had its stock rating kept as “Buy” by stock research analysts at Citigroup. This was disclosed in analysts report on 30 November.

SKY PLC (LON:SKY) Ratings Coverage

Out of 24 analysts covering Sky Plc (LON:SKY), 14 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 58% are positive. GBX 1500 is the highest target while GBX 1 is the lowest. The GBX 1069.30 average target is 38.98% above today’s (GBX 769.41) stock price. Sky Plc has been the topic of 187 analyst reports since July 23, 2015 according to StockzIntelligence Inc. HSBC maintained SKY PLC (LON:SKY) on Friday, October 14 with “Hold” rating. The stock of SKY PLC (LON:SKY) earned “Buy” rating by Deutsche Bank on Friday, April 22. On Monday, February 1 the stock rating was maintained by Beaufort Securities with “Buy”. The stock of SKY PLC (LON:SKY) has “Sell” rating given on Thursday, October 13 by Liberum Capital. The firm earned “Buy” rating on Monday, October 19 by Nomura. The stock of SKY PLC (LON:SKY) earned “Buy” rating by Nomura on Thursday, February 11. Citigroup maintained the shares of SKY in a report on Thursday, November 19 with “Buy” rating. The stock of SKY PLC (LON:SKY) has “Sell” rating given on Thursday, May 12 by Haitong Securities. The firm has “Overweight” rating given on Thursday, July 30 by Barclays Capital. The firm has “Buy” rating by Deutsche Bank given on Monday, February 1.

About 1.33 million shares traded hands. SKY PLC (LON:SKY) has declined 17.47% since May 2, 2016 and is downtrending. It has underperformed by 22.70% the S&P500.

Analysts await Skyline Corporation (NYSEMKT:SKY) to report earnings on January, 12.

Insitutional Activity: The institutional sentiment increased to 2.17 in 2016 Q2. Its up 0.88, from 1.29 in 2016Q1. The ratio is positive, as 8 funds sold all SKY PLC shares owned while 6 reduced positions. 6 funds bought stakes while 12 increased positions. They now own 4.31 million shares or 23.87% more from 3.48 million shares in 2016Q1.

Eam Invsts Ltd Liability Corp has invested 0.2% of its portfolio in SKY PLC (LON:SKY). Thompson Davis & has 0% invested in the company for 250 shares. Walleye Trading Limited Liability Corp holds 0% or 5,300 shares in its portfolio. Gabelli Funds Llc accumulated 185,990 shares or 0.01% of the stock. Tower Ltd Llc (Trc) has invested 0% of its portfolio in SKY PLC (LON:SKY). Nationwide Fund Advisors reported 1,050 shares or 0% of all its holdings. Gendell Jeffrey L has 1.46% invested in the company for 759,591 shares. Renaissance Techs Ltd Llc has invested 0% of its portfolio in SKY PLC (LON:SKY). Geode Limited Liability Company holds 0% of its portfolio in SKY PLC (LON:SKY) for 52,358 shares. Teton Advsrs has 47,796 shares for 0.04% of their US portfolio. Bridgeway Cap has 20,100 shares for 0% of their US portfolio. Robotti Robert has 64,700 shares for 0.22% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in SKY PLC (LON:SKY). The New York-based Gamco Investors Et Al has invested 0.02% in SKY PLC (LON:SKY). Northern Trust, a Illinois-based fund reported 19,537 shares.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 1 insider sale for $233,200 net activity. 20,000 shares were sold by DECIO ARTHUR J, worth $233,200 on Thursday, November 10.

Sky plc is an entertainment and communications company. The company has a market cap of 13.23 billion GBP. The Firm is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It has a 19.88 P/E ratio. It operates through three divisions: UK and Ireland, which includes activities and activities of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and activities of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and activities of the pay television and adjacent businesses in Italy.

According to Zacks Investment Research, “Skyline Corporation designs, produces and distributes manufactured housing and recreational vehicles.”

SKY Company Profile

Skyline Corporation, incorporated on May 29, 1959, designs, produces and markets manufactured housing, modular housing and park models to independent dealers and manufactured housing communities located throughout the United States and Canada. As of May 31, 2016, the Company sold 3,217 manufactured homes, 360 modular homes and 337 park models. The Company’s housing products are marketed under a number of trademarks. They are available in lengths ranging from 30 feet to 76 feet and in singlewide widths from 12 feet to 18 feet, doublewide widths from 18 feet to 32 feet, and triplewide widths from 36 feet to 46 feet. As of May 31, 2016, the area of a singlewide ranges from approximately 400 to 1,200 square feet, a doublewide from approximately 700 to 2,400 square feet, and a triplewide from approximately 1,600 to 2,900 square feet.

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